507 NW 8th Ave #2, Fort Lauderdale, FL 33311 — MLS photo

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507 NW 8th Ave #2, Fort Lauderdale, FL 33311

Active · SingleFamilyResidence

$569,900

507 NW 8th Ave #2, Fort Lauderdale, FL 33311

Beds
3
Baths
3
Living area
1,196 sq ft
$ / sq ft
$477/sq ft
Year built
2023
Lot size
4,123 sq ft
HOA fee
—
Annual tax
—

About this property

FULLY-FUNCTIONING, TURNKEY, LICENSED SHORT-TERM RENTAL 3 BED/2.5 BATH RESIDENCE CLOSE TO LAS OLAS BLVD!! NO HOA!! BUY THE PROPERTY & YOU WILL ALSO GET A FUNCTIONING SHORT-TERM RENTAL BUSINESS SAVING YOU A LOT OF TIME & EFFORT IF LOOKING FOR A SHORT-TERM RENTAL PROPERTY. PROFESSIONALLY MANAGED BY AIRBNB SUPERHOST. GREAT OPPORTUNITY TO BUY ONE OR 2 SHORT-TERM RENTAL PROPERTIES AS THE ADJACENT PROPERTY IS ALSO FOR SALE. KEEP THE CURRENT AIRBNB SUPERHOST PROPERTY MANAGER OR USE YOUR OWN. SALE INCLUDES FUTURE BOOKINGS & ALL FURNITURE AND ACCESSORIES. PROPERTY IS A TWIN-HOME STYLE STRUCTURE ONLY ATTACHED BY ONE WALL TO THE PROPERTY NEXT DOOR. ONLY 3 YEARS OLD FOR WORRY-FREE OWNERSHIP AND LOW-COST PROPERTY INSURANCE. QUARTZ COUNTER TOPS AND STAINLESS STEEL APPLIANCES. PORCELAIN TILES IN THE FIRST FLOOR AND VINYL LAMINATE FLOORING ON THE SECOND FLOOR. 1/2 BATH ON THE FIRST FLOOR FOR GREATER CONVENIENCE. ALL 3 BEDROOMS ARE UPSTAIRS FOR MAXIMUM PRIVACY. UPSTAIRS LOFT FOR GAMING OR REMOTE WORKING. 1-CAR GARAGE WITH WASHER, DRYER AND ARCADE GAME. ADDITIONAL ASSIGNED PARKING SPACE OUTSIDE AS WELL AS GUEST SPACES. GREAT NEIGHBORHOOD WITH MUCH NEW CONSTRUCTION NEARBY, INCLUDING THE ADDERLY CONDO. ONLY 5 MINUTES TO ALL THE RESTAURANTS AND LOUNGES ON LAS OLAS BLVD. EAST OF I-95 AND CLOSE TO THE AIRPORT AND BEACHES FOR ULTIMATE CONVENIENCE. PERFECT FOR PRIMARY OCCUPANTS, SECOND HOME OR INVESTORS! LOW DOWN-PAYMENT FINANCING (3%-5%) IS ALSO POSSIBLE FOR PRIMARY RESIDENCE OCCUPANTS. NO HOA FEE!

Property location

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507 NW 8th Ave #2, Fort Lauderdale, FL 33311

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Facts & features

Interior

Bedrooms
3
Bathrooms
3
Living area
1,196 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2023
Lot size
4,123 sq ft

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Broward
MLS listing ID
A11964875
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$588

Cap rate
4.4%
Net yield
4.4%
Cash-on-cash return
-4.4%
Gross yield
7.8%
Mortgage payment
$2,702/mo
Down payment
$142,475
Loan amount
$427,425
Annual NOI
$25,359

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.